CORAL GABLES, FL / ACCESSWIRE / July 27, 2018 / The marijuana industry and marijuana stocks in general have been getting a lot more attention lately. Canada’s decision to legalize recreational marijuana on a national scale has jump-started the market once again. The summer however has typically been a time where pot stocks are more steady and not as aggressively volatile leading into the 3rd quarter.
This year has seen some of the biggest cannabis IPO’s and this may be a trend that is far from over. Though some marijuana stocks may have consolidated, there are others that have blossomed just this week, to fresh weekly highs.
Leafbuyer Technologies (LBUY) finds itself hitting early morning highs of $1.23. This is higher by nearly 11% from this week’s lows of $1.11. The last few months have been full of progress for the company. This includes industry recognition from numerous financial outlets, which may be a result of the company’s growth.
Recently, the company announced that it realized over 50% sales growth from Q4 2017 to Q4 2018 along with a boost in website traffic to the tune of 375%. Regional segment traffic from California and Florida also jumped by 740% and 800% respectively on a year-to-year basis.
Leafbuyer currently services over 41% of all dispensaries in Colorado, a state with a growing population of 5.68 million where Marijuana is both recreationally and medically legal.
For More Information on Leafbuyer Technologies, Inc. Click Here
Making headlines this week were Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB) and MedReleaf Corp. (OTC PINK: MEDFF) (TSX: LEAF) who announced the closing of the previously announced arrangement agreement. Under the terms of the Arrangement Agreement, holders of MedReleaf common shares received 3.575 common shares of Aurora for each MedReleaf common share held.
Upon closing of the transaction, Aurora will submit applications with the Toronto Stock Exchange and the Ontario Securities Commission (the "OSC") to delist MedReleaf's existing common shares and for MedReleaf to cease to be a reporting issuer, respectively. According to press, with MedReleaf's Markham facility, the Company now has two GMP certified facilities, increasing product availability for higher-margin international markets featuring strong barriers to entry, such as Germany and Italy.
Shares are up sharply on Friday from Thursday’s lows of $4.99.
For More Information on Aurora Cannabis, Click Here
Finally, Canopy Growth (CGC) (WEED), which has been relatively pushed down in recent days, has managed to gap up during the early morning session on Friday. Shares reached a high of $26.4 during the opening session.
Earlier this month, Canopy Growth entered into a definitive agreement to acquire Hiku Brands Company Ltd. for more than $300 million. Hiku is known for its Tokyo Smoke retail shops across Canada, as well as its Van der Pop female-focused educational platforms and Maitri Quebec-based brand. The deal is designed to expand Canopy Growth's brand portfolio as it working to maintain its position in the industry as a leading, licensed producer.
For More Information on Canopy Growth, Click Here.
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Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. MAPH Enterprises LLC which owns www.MarijuanaStocks.com, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release.
MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice. MAPH Enterprises LLC, which owns www.MarijuanaStocks.com, may be compensated for its services in the form of cash-based compensation or equity securities in the companies it writes about, or a combination of the two. Pursuant to an agreement between MIDAM VENTURES, LLC an affiliate of MAPH Enterprises, LLC owner of MarijuanaStocks.com and Leafbuyer Technologies, Inc, we were hired for a period from 2/2/2018 – 5/2/2018 NOW EXTENDED TO 10/2/2018 to publicly disseminate information about (LBUY) including on the Website and other media including Facebook and Twitter. We are being paid $100,000 (CASH) for & were paid “77,000” shares of restricted common shares. We own zero shares of (LBUY), which we purchased in the open market. Once the (6) Six month restriction is complete on 8/2/2018 we plan to sell the “77,000” shares of (LBUY) that we hold currently in restricted form during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of (LBUY) in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information
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